Pt Japfa Comfeed Indonesia Tbk Class A · IDX:JPFA
Pt Japfa Comfeed Indonesia Tbk Class A — Investor Presentation (2024)
27 slides from Pt Japfa Comfeed Indonesia Tbk Class A's investor presentation, 2024
Slide 1: Investor Presentation FY2023
PT JAPFA COMFEED INDONESIA Tbk INVESTOR PRESENTATION FY2023 Sinergi untuk Masa Depan Yang Berkelanjutan Synergy Towards A Sustainable Future
Slide 2: Index
Index Company Overview Key Investment Highlights Financial and Operational Highlights
Slide 3: Company Overview
COMPANY OVERVIEW
Slide 4: Vertically Integrated Business Model
Company Overview Core competencies across the value chain POULTRY AQUACULTURE BEEF CATTLE UPSTREAM ANIMAL FEED VERTICALLY INTEGRATED BUSINESS MODEL PRODUCTION UPSTREAM BREEDING MIDSTREAM COMMERCIAL FARMING DOWNSTREAM PROCESSING DOWNSTREAM CONSUMER PRODUCTS 3
Slide 5: Industrialized approach drives operational and financial benefits
Industrialized approach drives operational and financial benefits A Scale B Technology and Genetics – 2nd largest feed and DOC producer in Indonesia with – Exclusive relationship with Aviagen (on broilers) for significant scale across the value chain: the sourcing of grandparent stock with superior
Slide 6: Japfa: Well positioned for long-term growth
Japfa: Well positioned for long-term growth Poultry leader in Indonesia − Aquaculture is primarily a feed business with some − 2nd largest poultry feed producer in farming overlay Indonesia − Protein diversification − Core business and stable segment of strategy for varying the value chain consumer
Slide 7: Growing responsibly
Growing responsibly Japfa’s animal protein business in Indonesia showed strong sales growth in the 2010 – 2014 period driven by strong poultry demand, which then stagnated in the 2014 – 2015 period. After the down-cycle, Japfa’s poultry business resumed growth in 2016 New and non-essential Capex
Slide 8: Key Investments Highlights
KEY INVESTMENTS HIGHLIGHTS
Slide 9: Investment highlights
Investment highlights 1 Attractive industry dynamics driven by strong structural growth in protein consumption 2 Leading integrated poultry national champion with nationwide footprint 3 Core feed business offers stable profitability 4 Industrialised Business Model: Leading Market Positions 5 Experie
Slide 10: Attractive industry dynamics driven by strong structural growth in protein consumption
1 Attractive industry dynamics driven by strong structural growth in protein consumption Poultry meat consumption has increased in tandem Poultry Meat Consumption per capita in Asia with GDP in Indonesia (kg per capita – 2023) 9 2022 Malaysia 50.5 2022 2021 Consumption per capita/ kg 8 2016 7 2013 2
Slide 11: Well-established market leader in the Indonesian animal protein sector
Well-established market leader in the Indonesian animal 2 protein sector Nationwide footprint with presence in all major islands Significant economies of scale given procurement Logistical feat given that Indonesia is an archipelago; volume of raw materials, especially in conjunction with serves
Slide 12: Poultry Feed: Stable Base Margin
Poultry Feed: Stable Base Margin Cost-of-living 400 pressures 16% Covid Impact 350 14% LTM OPM Poultry Feed 12% 300 Price Change3 10% 250 8% 200 6% 150 4% 100 2% 50 0% Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Sep-14 Sep-15 Sep-16 Sep-17 Sep-18 Sep-19 Sep-20 Sep-21 Sep-22
Slide 13: Segmental Trends: PT Japfa Tbk (Poultry)
Segmental Trends: PT Japfa Tbk (Poultry) Revenue (IDR Billion) Operating Profit (IDR Billion) Operating Profit Margin (%) 72,574 68,555 62,126 7,902 25.0% 3,221 7,619 3,521 6,505 3,233 242 239 2,783 47,123 24,881 22,424 195 1,112 417 20,361 264 5,037 1,722 237 13.6% 16.3% 15,625 6,819 6,499 6,895 7.
Slide 14: Leading Pan-Asian Industrialised Agri-Food Company
3 Leading Pan-Asian Industrialised Agri-Food Company WHAT WE DO WHERE WE ARE WHY WE DO IT We produce quality We employ over 1.7 billion people living protein staples and 37,000 people across in our target markets packaged food that Singapore, Indonesia, More than 20% of the nourish millions of Vietn
Slide 15: Industrialised Business Model: Leading Market Positions
4 Industrialised Business Model: Leading Market Positions Leading upstream regional market positions DOC Production1 Vietnam 11% #2 Poultry Feed Production1 Myanmar 31% #1 DOC Production1 Myanmar 22% #2 2nd largest Indonesian poultry feed and DOC producer2 Poultry feed production capacity market sha
Slide 16: Experienced and tenured management team
5 Experienced and tenured management team Proven track record of guiding the Company through various cycles • Board of Commissioners* Ito Sumardi Syamsir Siregar Bambang Budi Hendarto Hendrick Kolonas Djuni Sanyoto President Vice President Commissioner Independent Commissioner Commissioner Commissio
Slide 17: Financial and Operational Highlights
FINANCIAL AND OPERATIONAL HIGHLIGHTS
Slide 18: PT Japfa Tbk – Financial Performance
PT Japfa Tbk – Financial Performance Revenue Operating Profit EBITDA PAT IDR Billion IDR Billion IDR Billion IDR Billion 4.5% y-o-y (19.2)% y-o-y (12.7)% y-o-y (36.6%) y-o-y 2H2023 2H2023 2H202 2H2023 2,264 3,372 51,176 3 946 1H202 1H2023 1H2023 1H2023 3 2H202 2H2022 2H2022 2H2022 2,803 3,864 2 1,49
Slide 19: PT Japfa Tbk: Managing Cyclicality
PT Japfa Tbk : Managing Cyclicality Revenue Operating Profit IDR Billion IDR Billion 60,000 51,176 3,300 3,222 48,972 2,803 50,000 44,878 2,800 2,635 40,000 36,965 2,300 2,264 1,800 1,412 1,475 1,361 30,000 1,213 1,300 979 941 872 748 800 627 543 20,000 406 340 190 220 300 10,000 (200) (65) (700) (3
Slide 20: PT Japfa Tbk: Growth plans
PT Japfa Tbk: Growth plans Recalibrate short term growth plans In the light of the current challenging conditions, we have recalibrated our growth plans and prudently adjusted our Capex accordingly. We have a proven track record to adjust capex roll-out according to the prevailing market situation
Slide 21: PT Japfa Tbk: Aquaculture 4-year trend
PT Japfa Tbk: Aquaculture 4-year trend Revenue Operating Profit IDR Billion IDR Billion 5,000 4,754 350 327 4,585 299 3,954 300 4,000 3,471 250 219 202 3,000 200 2,000 150 100 1,000 50 0 0 FY2020 FY2021 FY2022 FY2023 FY2020 FY2021 FY2022 FY2023 The next platform of growth • Established in 1987, our
Slide 22: PT Japfa Tbk: Vaksindo 4-year trend
PT Japfa Tbk: Vaksindo 4-year trend Revenue Operating Profit IDR Billion IDR Billion 600 567 250 215 499 490 196 500 200 188 408 400 144 150 300 100 200 50 100 0 0 FY2020 FY2021 FY2022 FY2023 FY2020 FY2021 FY2022 FY2023 Vaksindo continues to deliver steady growth and profitability • Established in 1
Slide 23: Major Global External Factors
Major Global External Factors Geopolitical tensions, especially the situation in Europe and, more recently, in the Middle East, may cause disruptions to global economies, supply chains and commodities prices. These may impact the cost of raw materials and consumer purchasing power. We continue to
Slide 24: Japfa Sustainability Journey
Japfa Sustainability Journey Sustainability has been at The standalone sustainability Participated as a road tester in the Social Japfa Tbk received an SLL from the core of our operations report was issued to LCA/SLCA Project initiated by the United BNI valued at IDR 1.42 trillion. since the Company
Slide 25: Proven financial track record
Proven financial track record Net Revenues Operating Profit EBITDA Net Profit (IDR Billion) (IDR Billion) (IDR Billion) (IDR Billion) 48,972 51,176 3,864 3,372 2,803 2,264 1,491 946 FY2022 FY2023 FY2022 FY2023 FY2022 FY2023 FY2022 FY2023 Total Assets Net Debt / Equity (%) CAPEX Total Interest Bearin
Slide 26: Capex
Capex (IDR Billion) 1,940 1,984 1,923 FY2021 FY2022 FY2023 25
Slide 27: Thank You
Thank You IMPORTANT NOTICE: This investor presentation is for information only and should not be relied upon to make any investment or divestment decision with respect to securities of the Japfa Group. Shareholders and potential investors are advised to seek independent advice in the making of any i
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